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Positive outcomes from Covid-19 to serve as foundation for realty growth in 2022
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2021 has been a good year for Indian real estate. The year witnessed a great start with a sharp revival in sentiment and a subsequent increase in sales. According to a PropEquity report, housing sales increased by 21% across the top 7 cities in India in Q1 2021 to 1,05,183 units against 87,236 units in Q1 2020. The second wave of coronavirus caught the nation off guard with a sudden spike in fatalities and a temporary lull in business activity. Nevertheless, a remarkable recovery of the sector after the second wave is a testimony to its resilience.
The pandemic has proved to be a learning curve in Indian real estate, both for developers and consumers alike. It has underscored the need for agility and comprehensive contingency plans to
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